Macrodynamics: Fluctuations and Growth

<p>Building from the micro-foundations of economic behaviour to a full survey of macroeconomics the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include:<br> * Non-clearing markets<br> * Involuntary unemployment<br> * Persistent inflation.<br> As well as full coverage of the English-language literature <em>Macrodynamics</em> covers important contributions from the new school of French macroeconomists including Malinvaud Benassy and Grandmont.</p>